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The Stars and Stripes (A Nonappropriated Fund of

the U.S. Government)

FINANCIAL REPORT

SEPTEMBER 30, 2008 AND 2007

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT

Financial Statements

Balance Sheets

Statements of Operations and Changes in Fund Balance

Statements of Cash Flows

Notes to Financial Statements

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

Page

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12-U

WITT MARES THE POWER TO MAKE A DIFFERENCE THE PEOPLE TO MAKE IT COUNT."

INDEPENDENT AUDITOR'S REPORT

To the Commander/Publisher of The Stars and Stripes:

We have audited the accompanying balance sheets of the nonappropriated fund (NAP) of The Stars and Stripes as of September 30, 2008 and 2007, and the related statements of operations and changes in fund balance, and cash flows for the years then ended. These financial statements are the responsibility of The Stars and Stripes' management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the nonappropriated fund of The Stars and Stripes at September 30, 2008 and 2007, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

In accordance with Government Auditing Standards, we have also issued our report dated April 30, 2009 on our consideration of the nonappropriated fund of The Stars and Stripes' internal control over financial reporting and our tests of its compliance and other matters. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this Independent Auditor's report in considering the results of our audits.

Fairfax, Virginia April 30, 2009

-1-

FINANCIAL STATEMENTS

,.

THE STARS AND STRIPES NONAPPROPRIATED FUND

Balance Sheets September 30, 2008 and 2007

2008 2007

ASSETS

CURRENT ASSETS Cash $ 13,556,706 $ 22,179,724

Less restricted cash (747,269) (1 ,363,440)

Net cash 12,809,437 20,816,284

Receivables Trade (net of allowance for doubtful accounts of

$355,265 and $420,942 in2008 and 2007, respectively) 2,911,955 2,716,565

Nontrade 7,588,494 2,546,375

Inventories 120,387 120,017

Prepaids and other current assets 242,510 383,588

Total current assets 23,672,783 26,582,829

PROPERTY AND EQUIPMENT (NET) 5,500,057 3,392,150

OTHER ASSETS Intangible asset 85,000 85,000

Restricted cash 747,269 1,363,440

Total other assets 832,269 1,448,440

Total assets $ 30,005,109 $ 31,423,419

-2-


Balance Sheets September 30, 2008 and 2007

LIABILITIES AND FUND BALANCE

CURRENT LIABILITIES

Accounts payable

Accrued expenses

Accrued payroll

Deferred revenue and deposits

Total current liabilities

LONG-TERM LIABILITIES

Accrued moving and return travel

Total liabilities

COMMITMENTS AND CONTINGENCIES

FUND BALANCE

Total liabilities and fund balance

See accompanying notes. -3-

$

$

2008

2,888,685

1,448,739

1,130,871 2,519,348

7,987,643

1,252,448

9,240,091

20,765,018

30,005,109

2007

$ 3,042,091

1,006,875

993,590 1,607,797

6,650,353

1,189,896

7,840,249

23,583,170

$ 31,423,419


Statements of Operations and Changes in Fund Balance Years Ended September 30, 2008 and 2007

REVENUES

Newspaper circulation

Other newspapers

Advertising

Job printing

Unit newspapers

Interest income

Other income

Total revenues

EXPENSES

Editorial

Production

Other newspapers

Advertising

Job printing

Selling and distribution General and administrative

Total expenses

Net loss

FUND BALANCE

Beginning of year

End of year

See accompanying notes. -4-

$

$

2008

8,383,403

299,676

15,116,410

1,003,661

67,203

568,517 757,934

26,196,804

5,420,838

4,843,252

216,851

6,398,681

795,733

4,942,550 6,397,051

29,014,956

(2,818,152)

23,583,170

20,765,018

$

$

2007

9,149,400

344,065

14,246,107

783 ,987

78,877

639,401 395,957

25,637,794

9,692,012

2,125,876

203,409

4,959 ,634

182,572

5,597,243 4,926,234

27,686,980

(2,049' 186)

25,632,356

23,583,170

,.


Statements of Cash Flows Years Ended September 30, 2008 and 2007

2008 2007

CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (2,818,152) $ (2,049' 186) Adjustments to reconcile net loss to net cash

(used in) provided by operating activities Depreciation

Loss on disposal Changes in assets and liabilities:

Trade receivables Nontrade receivables Inventories Prepaids and other current assets Accounts payable Accrued expenses

Accrued payroll Deferred revenue and deposits Accrued moving and return travel

Net cash (used in) provided by operating activities

CASH FLOWS FROM INVESTING ACTIVITIES Additions to property and equipment

CASH FLOWS FROM FINANCING ACTIVITIES MWR USA/UFM reimbursement (net)

Net (decrease) increase in cash

CASH Beginning of year

1,049,142 112,857

(195,390)

(370) 141,078

(153,406) 441,864 137,281 911,551

62,552

(310,993)

(3,269,906)

(5,042,119)

(8,623,018)

22,179,724

770,446 55 ,554

534,330 3,019

13,645 111,826 270,017

(327,172)

81,293 1,041,152

(31,564)

473,360

(1 ,187,854)

5,587,931

4,873 ,437

17,306,287

Endofyear $ 13,556,706 $ 22,179,724

See accom~~~ying notes. ,..,........


Notes to Financial Statements September 30, 2008 and 2007

NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Operations

The Stars and Stripes (S&S) is a Category B revenue producing nonappropriated fund instrumentality. Its mission is to publish and distribute daily newspapers to the U.S. military community located outside the continental United States.

Inventories

Newsprint and other inventories are stated at the lower of cost (first-in, first-out method) or market.

Intangible Asset

The intangible asset is a trademark that has an indefinite life and, therefore, is not amortized in accordance with Statement of Financial Accounting Standards No. 142 -Goodwill and Other Intangible Assets.

Depreciation

Depreciation of property and equipment is provided over the estimated useful lives of the respective assets using the straight-line method. The range of lives over which property and equipment are being depreciated is as follows:

Buildings and improvements Furniture, fixtures and equipment Electronic equipment Vehicles

Foreign Currency Translation

10 to 30 years 2 to 10 years 2 to 10 years 2 to 7 years

S&S's functional currency is the U.S. dollar. Sales and expenses transacted in foreign currencies are translated at the average exchange rate in effect during each month. All realized and unrealized exchange gains or losses are included in results of operations. Balances in foreign currencies are translated into U.S. dollars using the rate applicable at the balance sheet date.

Cash and Cash Equivalents

S&S maintains amounts in bank accounts, which, at times, may exceed federally insured limits. S&S has not experienced any losses in such accounts. The statements of cash flows are prepared on the basis of total cash, including restricted cash (note 2). For purposes of the statements of cash flows, S&S considers all highly liquid investment instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at September 30, 2008 and 2007.

(Continued) ,,



NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)

Moving and Return Travel

U.S. employees hired from the Continental United States (CONUS) are provided with allowances for transportation of persons and household goods from and back to the United States. At September 30, 2008 and 2007, S&S has accrued $1,252,448 and $1,189,896, respectively, for such allowances.

Home Leave and Allowances

Employees are entitled to home leave, vacation, and sick leave allowances. These are based on prescribed formulas which allow for the carryover of unlimited amounts of sick leave, up to 30 days of vacation leave for CONUS employees, and up to 45 days of vacation leave for outside CONUS employees. Certain local national employees can earn certain severance leave based on contractual terms and formulas.

Direct Appropriated Fund Support

S&S receives certain support from U.S. Government Appropriated Fund (APF) activities without charge. This support is principally provided through the use of land and buildings, by U.S. Military personnel assigned to S&S billets, and in the form of utilities, maintenance service, security, American Post Office transportation of bulk mail, and second destination transportation costs for delivery of newspapers. The value of this support is not readily available on a timely basis nor is it susceptible to verification and, therefore, is not disclosed in the financial statements.

Direct support that is capable of measurement consisted of approximately $1,920,921 and $3,750,000 for rent, remote printing, shipping, maintenance, equipment and communication costs during fiscal 2008 and 2007, respectively.

All direct appropriated fund support is excluded from the nonappropriated fund financial statements.

Uniform Funding and Management (UFM)

UFM was fully implemented as an Army-wide MWR initiative during 2007, and has therefore been adopted by the S&S. It is an alternative means of executing fund support and is the merging of appropriated funds (APF) and nonappropriated funds (NAF).

(Continued)

-7-



NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Continued)

Morale) Welfare, and Recreation USA Program (MWR USA)

S&S received appropriated fund support through the MWR USA program. This program reimbursed the nonappropriated fund for authorized expenditures in providing appropriated fund services. Authorized services include personnel services, supplies, newsprint purchases, furniture, fixtures, and equipment. This program has been replaced by the UFM program. During fiscal 2008 and 2007, S&S received support of approximately $21,400,000 and $16,100,000 of which $7,265,085 and $2,342,335 is included in non-trade receivables at September 30, 2008 and 2007, respectively.

All appropriated fund support, under the MWR USA program, is excluded from the statements of operations and changes in fund balance.

Foreign National Employees Separation Pay Account

Appropriated funds are provided to the Foreign National Employees Separation Pay Account (FNESPA) for future European local national employee severance payment requirements. All severance payments for European local national employees will be funded with appropriated funds.

Receivables

Trade receivables are carried at anticipated realizable value. An estimate is made for doubtful receivables based on a review of all outstanding amounts at the year end. Uncollectible accounts are written off during the year in which they are identified.

Income Taxes

As an NAP instrumentality of the U.S. Government, S&S is exempt from the payment of federal income taxes. Further, S&S is under the jurisdiction of various Status of Forces Agreements and is exempt from payment of income and other taxes within the foreign countries in which it operates.

Financial Statement Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Actual results could differ from these estimates.

(Continued)

-8-



NOTE 1. OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Concluded)

Reclassifications

Certain items in the 2007 financial statements have been reclassified to conform with the 2008 presentation. Such reclassifications have no effect on net operations as previously reported.

NOTE 2. CASH ON DEPOSIT WITH THE UNITED STATES ARMY BANKING AND INVESTMENT F'UND (ABIF)

Included in the cash balances of $13,556,706 and $22,179,724 as of September 30, 2008 and 2007, respectively , is $12,087,436 and $21,303,970, respectively , maintained in the United States Army Banking and Investment Fund (ABIF). The ABIF acts as a pooling agent for all Army and certain Department of Defense nonappropriated activities and invests principally in U.S . Treasury Securities, U.S. Government agency securities, and certificates of deposit. The rate of interest paid to depositors is determined periodically by ABIF management, and averaged 4.4 and 4.5 percent during the years ended September 30, 2008 and 2007, respectively.

The S&S maintain a minimum cash balance adequate to fund all planned and projected capital expenditures. Management has determined that $747,269 and $1 ,363,440, included in the ABIF balance at September 30, 2008 and 2007 , respectively, is restricted for this purpose.

NOTE 3. INVENTORIES

News print and news ink Supplies

Total inventories

$

$

September 30 2008 2007

64,539 $ 68,232 55,848 51 785

120.387 $ l~Q.Ol7

As discussed in Note 1 to the financial statements, appropriated fund support is provided for the purchase of newsprint inventory.

-9-



NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment is stated at historical cost and consists of the following as of September 30, 2008 and 2007:

2008 2007

Buildings and improvements $ 2,994,735 $ 3,220,980 Furniture, fixtures and equipment 6,173,715 5,585,368 Electronic equipment 11,096,166 9,213,225 Vehicles 1,530,636 1,314,379 Construction in progress 163A20

21,958,672 19,333.952 Less accumulated depreciation {1624582615) (15,941.802)

$ S!SmMlS:Z $,' -J~392,l5Q

Depreciation expense totaled $1,049,142 and $770,446 for the years ended September 30, 2008 and 2007, respectively. Property and equipment includes fully depreciated assets in the approximate amount of $6,643,000 and $13,719,000 at September 30, 2008 and 2007, respectively.

NOTE 5. GOVERNMENT OF JAPAN COST SHARING AGREEMENT

In 1991, U.S. Forces Japan (USFJ) entered into the Indirect Hire Agreement (Agreement) with the Government of Japan (GOJ), whereby GOJ would reimburse USFJ for labor costs of Japanese local national workers covered under the Agreement, up to a budgeted limit computed based on headcount and average salary. These employees are now paid directly by the GOJ. Furthermore, S&S obtained the services of Japanese local nationals (MLC employees) who were paid directly by the GOJ. The total benefit to S&S, in salary terms, is estimated to be approximately $8,496,000 and $7,700,000 in 2008 and 2007, respectively. These costs are not included in the nonappropriated fund financial statements.

The Japanese local national employees employed under the Agreement are eligible for a Comparative Termination Allowance to be paid upon their separation from employment. The allowance is computed based on a formula stipulated in the Agreement and is subject to reimbursement by the GOJ.

-10-,,



NOTE 6. RETIREMENT AND 401(k) SAVINGS PLANS

S&S participates in the U.S. Army Nonappropriated Fund Employee Retirement Plan and 401(k) Savings Plan and contributes to the Plans for S&S employees. S&S incurred costs related to the Retirement Plan of $843,378 and $793,364 for the years ended September 30, 2008 and 2007, respectively, and incurred costs related to the 40l(k) Savings Plan of $308,173 and $292,266 for the years ended September 30, 2008 and 2007, respectively.

NOTE 7. CONTINGENCIES

S&S is involved in legal proceedings arising in the ordinary course of business. In the opinion of management, the outcome of such proceedings will have no material effect on the financial statements.

-11-

, ' ·WITT MARES THE POWER TO MAKE A DIFFERENCE THE PEOPLE TO MAKE IT COUNT.""

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF COMBINED FINANCIAL

STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Commander/Publisher of The Stars and Stripes:

We have audited the accompanying financial statements of the nonappropriated fund (NAF) of The Stars and Stripes, as of and for the year ended September 30, 2008, and have issued our report thereon dated April 30, 2009. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.

INTERNAL CONTROL OVER FINANCIAL REPORTING

In planning and performing our audit, we considered The Stars and Stripes internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide an opinion on the internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of The Stars and Stripes' internal control over financial reporting.

A control deficiency exists when the design or operation of a control does not allow Management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity's ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the entity's financial statements that is more than inconsequential will not be prevented or detected by the entity's internal control. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the entity's internal control.

Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control that might be material weaknesses. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses.

We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above.

-12-

COMPUANCE AND OTHER MATTERS

As part of obtaining reasonable assurance about whether The Stars and Stripes' financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion.

The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

OTHER ITEMS

The items noted below were not considered material weaknesses in the internal control over financial reporting ot reportable noncompliance. However, we wish to bring these matters to your attention:

AAA~l: FIXED ASSETS

Observation

We noted in the Europe theatre that fixed asset inventory counts conducted at year end were performed utilizing documentation that had not been updated for all year end activity. New t1xed asset software had been obtained near the fiscal year end, and subsequently a move to a new location occurred. As such, due to the move and employees being untrained on the new system, employees performed the count utilizing data that had not been updated.

Management Response

Management concurs and will ensure that the general ledger balances agree with subsidiary ledgers.

Auditors Response

We will follow up and report on the status in the subsequent audit period.

This report is intended for the information and use ofThe Stars and Stripes Management and the Office of the Assistant Secretary of Defense for Public Affairs. This restriction is not intended to limit the distribution of this report, which is a matter of public record.

Fairfax, Virginia ApriJ 30, 2009

-13-

(Army) Supplemental Mission Program -Joint Service Stars and Stripes Balance Sheet For the Period Ending 30 September 2008 (FY 08)

ASSETS Current Assets

Cash/1 nvestments Receivables Inventories Other Current Assets

Total Current Assets

Noncurrent Assets NAFI Owned Fixed Assets Less: Accumulated Depreciation

Net NAFI Owned Fixed Assets Government Titled Fixed Assets 1

Less: Accumulated Depreciation Net Government Titled Fixed Assets

Other Total Noncurrent Assets

Total Assets

LIABILITIES & NET WORTH Current Liabilities Accounts Payable Other

Total Current Liabilities

Long Term Liabilities Loans Payable Other

Total Long Term Liabilities Total Liabilities Net Worth Total Liabilities & Net Worth

1Real property and other fixed assets financed with Nonappropriated Funds and titled with the U.S. government.

Notes to Balance Sheet: Stars & Stripes has no Government Titled Assets

26

$13,260 12,071

120 774

$26,225

$21,384 16,330 $5,053

$0 $0 $0

0 $5,053

$31,279

$2,889 6,373

$9,262

$0 1,252

$1,252 $10,514 $20,764 $31,279

,

(Army) Supplemental Mission Program - Joint Service Stars and Stripe: Reconciliation of Net Worth For the Period Ending 30 September 2008 (FY 08)

Net Worth, Beginning:

Additions to Net Worth: Net Income Grants Received Other Increases (specify)1

Total Additions

Reductions to Net Worth: Net Loss Grants Disbursed Other Decreases (specify)2

Total Reductions

Net Addition/Reduction to Net Worth

Net Worth, Ending

27

$23,583

($2,819)

0 ($2,819)

$0

0 $0

(2,819)

$20,764

(Army) Supplemental Mission Program - Joint Service Stars and Stripes Statement of Income and Expense For the Period Ending 30 September 2008 (FY 08)

Current Year (FY 2008) Percent of

Amount Revenue

Sales $24,466 92.9% Cost of Goods Sold(% of Sales) $7,947 32.5%

Gross Margin $16,519 67.5% Other Operating Income:

Participation Fees and Charges 0.0% Dues and Assessments 0.0% Concessionaire Payments 0.0% Other $30 0.1%

Total Other Operating Income $30 0.1% GROSS OPERATING INCOME $16,549 62.8%

Operating Expenses (Schedule A) $21,215 80.5% OPERATING MARGIN ($4,66n -17.7%

Other Income: Dividends 0.0% Grants 0.0% Other $1,848 7.0%

Total Non-Operating Income $1,848 7.0%

Other Expense (Schedule A) 0.0% NET INCOME BEFORE EXTRAORDINARY ITEMS {$2,819} -10.7%

Extraordinary Income 0.0% Extraordinary Expense Items (Schedule A) 0.0%

NET INCOME {$2,819) -10.7%

USA support eliminated from : Other Operating Income and Operating Expenses $ 21,432

Total Revenue $ 26,343

Total Expenses (Schedule A) $ 21,215

28

Prior Year (FY 2007) Percent of

Amount Revenue

$24,911 96.8% $7,716 31 .0%

$17,195 69.0%

0.0% 0.0% 0.0% 0.0%

$0 0.0% $17,195 66.8% $20,066 78.0% ($2,871} -11 .2%

0.0% 0.0%

$822 3.2% $822 3.2%

0.0% {$2,049} -8.0%

0.0% 0.0%

($2,049) -8.0%

$ 16,102

$ 25,733

$ 20,066

(Army) Supplemental Mission Program - Joint Service Stars and Stripes Schedule A to the Income and Expense Statement For the Period Ending 30 September 2008 (FY 08)

($ in thousands)

Cost Expense Captions

Military Personnel Civilian Personnel (salaries & wages) Civilian Personnel (services & benefits) Utilities & Rents Communications Sustainment, Restoration and Modernization (including APF minor construction) Supplies & Equipment Contractual Services Travel of Personnel Transportation of Things Reimbursed Common Support NAF Depreciation All Other Expenses TOTAL EXPENSE

Capital Expenditure Captions Construction of Facilities:

APF (MILCON) NAF

Equipment (investment type)

TOTAL COSTS (less depreciation)

-See Cost of Goods Sold Schedule A for details - MILPER includes both Army & Other Servides.

29

APF

846 93

762 2

23,247 0

218

$25,168

n/a

$25,168

NAF

n/a $3,664

3,036 119 330

54 808

0 298

16

523 12,365

$21,215

n/a

$20,692

(Army) Supplemental Mission Program -Joint Service Stars and Stripes Schedule A to the Income and Expense Statement- COGS For the Period Ending 30 September 2008 (FY 08)

($ in thousands)

Cost Expense Captions APF NAF

Military Personnel n/a Civilian Personnel (salaries & wages) $1 ,705 Civilian Personnel (services & benefits) 1,722 Utilities & Rents 135 Communications 172 Sustainment, Restoration and 277 Supplies & Equipment 216 Contractual Services 0 Travel of Personnel 115 Transportation of Things 113 Reimbursed Common Support NAF Depreciation 397 All Other Expenses 3,095 TOTAL EXPENSE $0 $7,947

Ca12ital Ex12enditure Ca12tions Construction of Facilities:

APF (MILCON) n/a NAF n/a $0

Equipment (investment type) $0

TOTAL COSTS (less depreciation) $0 $7,550

The above expense items have been included in Cost of Goods Sold

30

(Army) Supplemental Mission Program - Joint Service Stars and Stripes Statement of Cash Flows For the Period Ending 30 September 2008 (FY 08)

Operating Activities: Net Income

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:

Depreciation and Amortization Loss on Disposal of Fixed Assets Changes in assets and liabilities:

Decrease (increase) in accounts receivable Decrease (increase) in inventories Decrease (increase) in prepaid expenses Increase (decrease) in accounts payable Increase (decrease) in unearned income Increase (decrease) in other current liabilities Other (specify)

Total Adjustments Net Cash Provided by (Used In) Operating Actities

Investing Activities: (Purchase of Fixed Assets) Proceeds from the Sale of Fixed Assets Other (Specify) ('>

Net Cash Used in Investing Activities

Financing Activities: Net Borrowing (Specify) (Payment of Dividends) Capital Grants Net proceeds from (payments on) other long-term liabilities Other (specify)

Net Cash Provided by (Used in) Financing Activities

Net decrease/increase in cash and cash equivalents

Cash and Cash Equivalents at Beginning of Year

Cash and Cash Equivalents at End of Year

(1) Write down of assets

31

Current Year

($2,819)

$920

($5,446) ($0)

($723) ($153)

($40) $1 ,775

$63 ($3,604) ($6,423)

($1 ,965) $0

($532) ($2,497)

$0

($8,920)

$22,180

$13,260

Prior Year

($2,049)

$789

6,331 14

444 232

6 620

~1 06~ $8,329 $6,280

($1,019) 110 {242~

($1,151)

$0

$5,129

$17,051

$22,180

(Army) Supplemental Mission Program - Joint Service Stars and Stripes Funds Available/Projected Usage Report For the Period Ending 30 September 2008 (FY 08)

Amount of Funds Invested

FUNDS AVAILABLE: Operating Cash Invested in Central Banking Program Other Cash Resources/Local Balances:

Local Bank Accounts Cash on Hand in Change Funds, Petty Cash Funds

& Conversion Funds Other Investments (Specify) Fixed Asset Sinking Funds Employee Benefit Sinking Funds 1

Projected Net Income Before Depreciation for Next FY Total Funds Available

VALIDATED COMMITMENTS: Cash for Continuing Operations (Compensating Bank

Balances, Operations, Petty Cash, Change Funds, Accounts Payable, Other Current Liabilities, etc.)

Employee Benefits (Specify)1

Reduction in Long-Term Debt Projected Capital Expenditures for Next FY Dividends to be Paid (Exchanges Only)

Total Projected Usage Excess (Shortfall) of Funds

As of Close of Current

Year

$10,908

1,437

$29

883

500 $13,756

$12,000

0 1

$12,001 $1 ,755

Prior Year

$11,484

1,982

$58

3,527

500 $17,551

$13,000

0 3,527

$16,527 $1 ,024

11ncludes monies to be paid for severance; FICA; medical, dental, and life insurance, plus disability (if not included in retirement), unemployment compensation; bonuses or incentive awards; moving expenses; and for time not worked due to sickness. death

32

(Army) Supplemental Mission Program -Stars and Stripes only Resources Received Under the DoD MWR USA Practice For the Period Ending 30 September 2008 (FY 08)

Source of APF USA Resources (identify appropriation) Cost Expense Captions

Military Personnel Civilian Personnel (salaries & wages) Civilian Personnel (services & benefits) Utilities & Rents Communications Sustainment, Restoration and Modernization (including minor construction) Supplies & Equipment Contractual Services Travel of Personnel Transportation of Things Reimbursed Common Support NAF Depreciation All Other Expenses TOTAL EXPENSE

Capital Expenditure Captions:

Construction of Facilities Equipment (Investment-Type) TOTAL CAPITAL EXPENDITURES

TOTAL COSTS

OMA Specify* OMN

n/a n/a 5,789

$0

n/a n/a n/a n/a

$0 $0 $5,789 $0

$0 $0

$5,789 $0

Specify* OMD

n/a $1,298 $4,024

$48 $100

$0 $0 $0

$803 $708

n/a n/a

$8,661 $15,643

$0

$15,643

Total

n/a $7,087

4,024 48

100

0 0 0

803 708

n/a n/a

8,661 $21,432

$0 0

$0

$21,432

Include all obligations of APF provided for support of the program through the MWR utilization, Support and Accountability (USA) practice. (Do not include APF obligations reimbursed by NAF.)

*Show applicable appropriation captions (such as O&M, O&M Reserve, etc.)

(Army) Supplemental Mission Program -Stars and Stripes only DoD MWR USA Practice Support For the Period Ending 30 September 2008 (FY 08)

($ in thousands)

Source Appropriation OMA Specify* OMN

$ % $ %

86. Stars & Stripes 5,789 27.0% 0 0.0%

Total Supplemental Mission $5,789 27.0% $0 0.0%

'Show total APF operating support per Schedule A

Total MWR/USA Total Operating Specify* OMD Support Support'

$ % $ % $

15,643 73.0% $21,432 85.2% $25,168

$15,643 73.0% $21 ,432 85.2% $25,168

NAFI EMPLOYEES' COMPENSATION & BENEFITS REPORT

Military Service: Joint Service Program Group: Supplemental Mission Funds - Stars & Stripes

Only

Category: Category B - Basic Community Support Activities

For the Year Ending: 30-Sep-08

a.

b.

Payroll - TOTAL

Benefits (1) FICA (2) Retirement (3) Other

TOTAL

( 1 ) Payroll - TOTAL

(2) Benefits a) FICA b) Retirement c) Other

TOTAL

b. Foreign Nationals ( 1) Payroll - TOTAL

Benefits - TOTAL

$5,247,451

401,533 368,327

1,477,397 $2,247,258

$5,971,799

476,419 475,051

5,394,342 $6,345,812

217 213

14 12

221 175

12 3

221 151

12 1

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